Home Buying in 85254>Question Details

Abuyer, Home Buyer in Scottsdale, AZ

My offer has not been accepted, can I withdraw the offer for the house?

Asked by Abuyer, Scottsdale, AZ Fri May 7, 2010

Help the community by answering this question:

Answers

12
You can always withdraw an offer. Until the date of closing you can withdraw an offer. If it is after your inspection period than you may have to forfeit your earnest money...

However, being an Arizona broker I suspect you put an offer in on a short sale and may be frustrated or lost interest. Until the inspection period ends (10 days standard if not modified) AFTER BOTH LOANS AGREE TO ACCEPT THE SHORT SALE IN WRITING there is effectively no contract - that is stated in the short sale addendum.

Agents in other states really have no perspective on our market.
2 votes Thank Flag Link Fri May 7, 2010
you mean you haven't received any reply???

how long has it been??? 3 day, 3 weeks, 3 months???

be guided by your Realtor.
0 votes Thank Flag Link Tue Jun 25, 2013
If your offer has not been accepted, you can submit another offer to another house of your preference.


Best Regards,

Real Estate Professional / Prestige Realty
Bianca Bennett / 602-570-7898
Bianca@InvestInArizonaHomes.com
Website: http://www.InvestInArizonaHomes.com
0 votes Thank Flag Link Tue Jun 25, 2013
You certainly can! Nothing to worry about :) - Go pick another winner!! (or did you already find the better one?) ;)
0 votes Thank Flag Link Thu Aug 23, 2012
the answer is yes, provided that you have not signed a contract......if you did, did the sell sign, if not your good to go. tridationally there is a time limit put on acceptance of an offer (did that expire?...yes, again your all good!) i guess you should first and foremost talk to your realtor they are the pro's here and they will give you the best advice.
0 votes Thank Flag Link Mon May 17, 2010
Dear ABuyer:

If the expiration date on your offer has elapsed the offer is void. If the offer was rejected by the seller it is void. Your Realtor or attorney should be consulted on this.

Regards, Jeff

Jeff Masich, Realtor
HomeSmart
Scottsdale
0 votes Thank Flag Link Fri May 7, 2010
An offer may be withdrawn until it has been signed and accepted by both parties, then it becomes a binding contract. Most offers will have a time of acceptance window or expiration time, if the offer hasn't been accepted by the time of expiration, then there is nothing to worry about.

Prior to expiraton, a notice should be given (best in writing) that an offer wants to be withdrawn.

Good luck with your situation.
Web Reference: http://www.jameswehner.com
0 votes Thank Flag Link Fri May 7, 2010
Abuyer,

If you are being represented by an agent (which is not noted in your question) then you really need to ask he/she where you stand in the offer acceptance process. We as agents are not allowed to interfere with an existing agent/client relationship. Best of luck to you!

StephanieWeissMoves@gmail.com
http://StephanieWeissMoves.com
http://StephanieWeissMoves.wordpress.com
0 votes Thank Flag Link Fri May 7, 2010
In Arizona, according to the standard AAR contract, the contract needs to be delivered to the approving party in order for it to be binding.

Read your offer completely to see what it says and work with your agent.
0 votes Thank Flag Link Fri May 7, 2010
Dear Abuyer,

Both Bill and Ann have provided good advise to you.

The one thing I would stress is to make sure you are working with a licensed Realtor in your state, preferably one who is acting as your buyers agent. Your agent can quell any fears you have, and answer these type of questions.

If you think the offer wasn't signed, but really was, then it would a ratified contract which is a legal and binding document.

Best Regards,
Maureen

Search the Charleston, SC MLS:
0 votes Thank Flag Link Fri May 7, 2010
Yes, you can terminate an offer that has not been accepted but it is important to do so in a manner that protects your interests. This should be done in writing and in a way that documents your action...we like the idea of registered mail.

Good luck
Bill
0 votes Thank Flag Link Fri May 7, 2010
Do you have a buyer's agent - that is the your go to person for this question. And yes, if the offer has not been accepted, you may withdraw - just do it in writing and do it prior to delivery of the acceptance. You will also have the inspection period in which to determine the acceptability of he property. Just be careful to follow the letter of the contract.
0 votes Thank Flag Link Fri May 7, 2010
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer